Dan Frey Home Loans
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · VA
Assumable Loan + Second
Assumable · VA
Current Market Conventional
New · Conventional
Loan amount$207,713$207,713$526,500
Remaining term (yrs)8.88.830.0
Secondary amount$0$318,787$0
Funding fee$1,039$1,039$0
Note rate2.510%2.510%7.400%
Blended rate2.510%5.683%7.640%
1st payment$2,168.60$2,168.60$3,645.38
2nd payment$0.00$2,058.83$0.00
Taxes / mo$137.89$137.89$137.89
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$105.30
HOA / mo$33.33$33.33$33.33
Total monthly$2,506.48$4,565.31$4,088.56
Cash to close$377,287$58,500$58,500